ORLANDO, Fla., Sept. 7, 2006 (PRIMEZONE) -- RedChip Visibility, a division of RedChip Companies, announced today that they have updated research on TelePlus Enterprises, Inc. (OTCBB:TLPE).
Patrick Murphy, Level III CFA Candidate, RedChip Research Analyst, wrote in the report:
"While TLPE is still subject to the challenges and risks outlined in our initial report, the company has addressed the risk associated with the $1.875 million payment that would have been payable to the former Telizon shareholders in 7/07. TLPE now expects to be able to meet its near-term and ongoing acquisition related obligations through cash on hand and cash flow. As TLPE continues working its way deeper into its target markets, the company has the opportunity to tap into growth that could approach 40% annually for the next several years. Being positioned well in a market with this level of growth provides TLPE with exciting return potential. RedChip holds our original $.90 price target for TLPE."
To receive a complimentary copy of the RedChip Visibility research update for TLPE, please visit: http://www.redchip.com/visibility/about.asp?page=requestTLPEupdate.
About RedChip Visibility(tm)
RedChip Visibility Research, a division of RedChip Companies Inc., writes fundamental research on small-cap companies. RedChip's success has been documented in Forbes, Barron's and the Wall Street Journal. At RedChip, achieving better visibility starts with a thorough understanding of our client's corporate profile, financial landscape, and institutional perception.
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RedChip Visibility Research Disclosure
Any opinions expressed herein are subject to change. RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. Teleplus Enterprises, Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. TLPE paid RedChip Visibility $32,500 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility,a division of RedChip Companies, Inc., and the Aurelius Consulting Group Inc., in a joint marketing agreement, have been contracted by Teleplus Enterprises, Inc. to increase investor awareness of TLPE to the small-cap equity community. These services may include investor conferences and digital and print distribution of TLPE investor related materials. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the Aurelius Consulting Group is an investor relations firm hired by the Company and receives a monthly fee of $8,500 and an amount equal to $6,500 of Rule 144 stock per month.